TGB Regional Banking Monitor: Sub-Saharan Africa — Q2 2026
South Africa raised its policy rate to 7% and Tanzania to 6.25%, while Nigeria, Kenya, Ghana and Uganda held. Bank asset quality kept improving: Ghana's NPL ratio fell to 18.0% in April 2026 and Kenya's to 15.3% in May.
South Africa’s Prudential Authority penalties for 2024/25 total R115 million, led by Capitec
Penalties imposed by the Prudential Authority in its 2024/25 financial year total more than R115 million; the largest is the R56.25 million Capitec sanction announced in December 2024.
Nigeria's Providus Bank and Unity Bank complete merger, unveil ProvidusUnity Bank identity
Providus Bank and Unity Bank have completed their court-sanctioned merger to form ProvidusUnity Bank, with the combined ProvidusUnity Bank commencing operations at the end of June 2026.
Absa Bank Kenya CEO Abdi Mohamed to resign; CFO Yusuf Omari named interim MD and CEO
Absa Bank Kenya CEO Abdi Mohamed will resign on 30 June 2026 after 32 years with Absa; CFO Yusuf Omari becomes Interim MD and CEO from 1 July, pending approvals.
Franc CEO says South African women consistently tend to be better investors
Franc CEO Dr Thomas Brennan discussed the fintech's 2026 Wealth Index Report and why women in South Africa consistently tend to be better investors.
Moniepoint CEO says Africa’s biggest business opportunity lies in informal sector
Moniepoint co-founder and Group CEO Tosin Eniolorunda said African businesses were missing a large growth opportunity by focusing on formal customers while neglecting the continent's informal economy.
IMF warns dollar stablecoins could undermine demand for Nigeria's naira
The IMF warned that rising use of U.S. dollar-denominated stablecoins in Nigeria had the potential to weaken demand for the naira and blunt the effectiveness of the country’s monetary policy framework.
South African traders scale back rate-hike bets after US-Iran peace deal pushes oil lower
Forward-rate agreements now price only 15 basis points of tightening for the Reserve Bank's July meeting, down from 30 basis points a week earlier, as falling oil prices ease inflation concerns.
Nigeria's CBN HoldCo rules could trigger N370bn capital raise, analysts estimate
The Central Bank of Nigeria published proposed holding company rules that could require the country’s largest banking groups to raise up to N370 billion in fresh capital, according to an estimate by Zrosk Investment Management.
Ghana International Bank names Ian Greenstreet as chief executive officer
Ghana International Bank appointed veteran financial services executive Ian Greenstreet as chief executive officer, subject to UK regulatory approval.
South Africa's rand eases after World Bank cuts 2026 growth forecast to 1%
The World Bank lowered its 2026 growth forecast for South Africa from 1.4% to 1.0%, citing the fallout from the Middle East conflict, while the rand stayed broadly resilient near R16.29 to the dollar.
World Bank Nigeria director says country could achieve 7-8 percent growth
World Bank Nigeria director Mathew Verghis told African Banker that Nigeria had the potential to achieve annual growth of 7 to 8 percent, arguing the country could be more ambitious on growth.